The scenario of marine export industry
Marine
export destinations the US, South-East Asia, Japan, China etc., registered negative growth
during the first quarter in current year. There was also a slump in marine exports during
the first quarter in the current year. The quantum of exports declined by 4.5 per cent to
63, 593 tonnes against 66,623 tonnes in the corresponding period last year.
The fall
in quantum of exports was accompanied by a fall in value realization as well. The marine
export revenue fell 8.51 per cent to Rs 1,018 crores (Rs 1,113 crores) during the same
quarter.
The fall
in dollar revenue was more significant at 12.8 per cent to $239 millions ($274 millions).
In all, 75
Indian processing facilities had been approved for exports to the EU. These number was
expected to grow, taking the volume and value of exports to this destination to higher
levels.
Another
redeeming feature for the marine export industry was the promising growth in aquaculture.
Having topped 80,000 tonnes last year, the industry is striving for a production of one
lakh tonnes during the current year.
Last year
the country almost touched the previous record production of 84,000 tonnes. The lower
incidence of disease pests attacks have instilled greater confidence among the exporters. |
